Introducing Our Tailored Two-Wheeler Financing Solutions for Mid-Premium Segment
Step into the future with a two-wheeler loan designed for those who like to define their own path. We offer a tailored loan experience that fits your ambitions. With loan amounts up to ₹5 lakh, we make it easier for you to upgrade your ride and your lifestyle. Whether you're looking for flexibility with our Banking Surrogate program or prefer our simple Income Proof solution, we've got you covered.
With competitive interest rates and flexible repayment tenures, you're in control of your financial journey. This loan option is your chance to Create Your Own Path—giving you the freedom to ride in style, on your terms.
Key Features:
Top Benefits
Minimum Requirements
KYC documents
One passport-size photograph
Age Eligibility Criteria
Two-Wheeler Mid Premium Loan EMI Calculator
Calculate and compare your EMI in few seconds with our Two-Wheeler Loan EMI Calculator.
Break-up of Total Payment
Monthly Loan EMI
Principal
Total Interest
Total Payment
(Principal + Interest)
Schedule Of Charges:
| Loan Amount | ₹ 1,75,000 - ₹ 5,00,000 | ||
| Loan Tenure | 12-60 months | ||
| Rate of Interest | 15.99%- 18.49% [IRR] | ||
| Processing Fee | Up to 4% of the Loan Amount plus GST. | ||
| Documentation Charges | Upto Rs. 1000 plus GST | ||
| Stamp duty | As per the applicable state laws | ||
| CERSAI Charges | Rs.50+GST | ||
| Late Payment Charges | 2.5% of EMI overdue amount | ||
| Bounce Charges | Rs.500+GST | ||
| Pre-closure Charges |
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Frequently Asked Questions
1. What is a two-wheeler loan for the mid-premium segment?
A two-wheeler loan for the mid-premium segment is designed for those who aspire to ride beyond the ordinary. Ideal for those who want to create their own path, this financing option offers faster approvals, higher loan amount, competitive interest rates, and flexible repayment tenures – empowering you to choose a ride that reflects your journey, lifestyle and ambition.
2. What is the loan amount I can avail under this two-wheeler loan?
You can avail loans up to ₹3 lakhs under the Banking Surrogate program, and up to ₹5 lakhs under the Income Proof program.
3. What is the rate of interest applicable on this loan?
The interest rate starts from 15.99% [IRR]. The final rate offered depends on your profile, program selected, credit assessment, etc.
4. What is the repayment tenure available?
We offer flexible repayment tenure up to 60 months, allowing you to plan your EMI as per your comfort.
5. Who is eligible to apply for this loan?
Age Eligibility criteria: Minimum age of 21 years and maximum 60 years at the time of Loan Maturity
6. Are there any processing charges or hidden fees?
No, there are no hidden fees. Processing fees of up to 4%, is applicable. Details of all other applicable charges are mentioned here: Schedule of charges
7. Can I prepay or foreclose my two-wheeler loan?
Yes, prepayment and foreclosure options are available. Terms and any applicable charges will be shared in your loan agreement.
8. How much financing can I get?
You can get up to 90% financing of the on road price of the vehicle.
9. What is banking surrogate program?
Banking surrogate programs is a program where customer’s eligibility is decided based on customer’s bank statements. It is ideal for self-employed individuals who have variable income source.
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Customer Speak
I had an excellent experience with Ujjivan Small Finance Bank. Their loan process is swift, requiring minimal documentation, and offers reducing interest rates. I highly recommend Ujjivan Small Finance Bank.
Rameshwar Hembram
East
Recently, I financed my scooter through Ujjivan Small Finance Bank, and I'm extremely satisfied with the experience and the overall process. The team was exceptionally supportive and helpful.
Sachin Kumar Jha
North
The bank is experiencing significant growth and continuously enhancing its processes. A few years ago, when my brother obtained a Two Wheeler Loan, the entire process took a considerable amount of time. However, when I financed my two-wheeler with them recently, it was remarkably smooth and easy
Anup Kanti Dey
East
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